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pakistan rupee

Pak rupee exchange rates: 7-1-2019

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Following are Pakistan rupee exchange rates against major currencies in open market on 7th January 2019. Exchange market  is somewhat stable at the moment, no major changes were seen during the last couple of weeks.

Pak rupee exchange rates 19-12-2018

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Following are Pakistan rupee exchange rates against major currencies in open market on 19th December 2018. Exchange market has somewhat stabilised and no major depreciation is expected in near future.

Pakistan rupee sinks below 100 mark against dollar

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KARACHI: The Pakistani rupee on Monday sank to an all-time low against the US dollar over forex reserve fears as the country repaid $146 million to the International Monetary Fund.

The rupee fell to 100.1 to the greenback in trading in Karachi, down from 99.30 on the open market Friday, and has now lost 39 percent of its value against the US currency since March 2008.

“We have traded the dollar at Rs 100.1, although there is a slight difference on the open market,” said currency dealer Mohammad Arshad.

The official inter-bank rate for the dollar is Rs 98, but Mohammad Sohail, who heads brokerage firm Topline Securities, confirmed it had crossed 100 on the open market.

Pakistan had a $10.7 billion IMF loan until September, but had drawn only about a third of it. The government has indicated it would not seek a new loan.Read More »Pakistan rupee sinks below 100 mark against dollar